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Fitch Downgrades Brazil

Rio de Janeiro, Brazil, 16th December 2015: The risk rating agency Fitch downgraded the level of Brazil's investment to speculative level. Devaluation of the real, political crisis, unemployment and corruption scandals that reach the government of Dilma Rousseff contributed to the downgrade. With the strong devaluation of the Real (BRL), some industry sectors linked to exports were favored and even in time of crisis are managing to achieve economic growth. Cargo ship image on the coast of Rio de Janeiro. (Photo by Luiz Souza/NurPhoto)

Photo Details

Photo ID	#964376
Date Taken	13 December 2015
Location	N/A
Photographer	Luiz Souza/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Luiz Souza/NurPhoto

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Brazil Rio de Janeiro nurphoto Downgrades rateing economy money agency fitch agency fitch

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